Hotchkis & Wiley Capital Management LLC
Hotchkis & Wiley Capital Management LLC is a Los Angeles-based investment adviser and asset management firm founded in 1980 by John Hotchkis and George Wiley. The firm is independently operated and majority employee-owned, with approximately 72 employees. Hotchkis & Wiley manages value-oriented equity and income portfolios for institutional clients—including public plans, corporations, non-profits, unions, and sovereign wealth funds—as well as individual investors and through sub-advisory relationships. The firm is known for its disciplined, fundamental, bottom-up research process and has consistently focused on value investing for over 45 years.
Investment Strategy
Hotchkis & Wiley specializes in disciplined value investing, offering actively managed value equity and income strategies that span the market capitalization spectrum, as well as portfolios emphasizing income generation. The firm employs rigorous, bottom-up fundamental research to identify undervalued securities with appreciation potential. Their investment philosophy centers on independent analysis, manager alignment with clients through employee ownership, and maintaining a long-term focus on capital appreciation and risk control. The approach avoids style drift, stays true to deep-value strategies, and adapts selectively to market opportunities while prioritizing the integrity of their processes and client alignment.
Top Holdings
Equity Positions (463)
| Ticker | Security | Weight | Market Value | Shares | Avg Cost | Price | Change (QoQ) |
|---|---|---|---|---|---|---|---|
F FFIV | F5 INC | 4.99% | $1.54B | 5,229,200 | $187.59 | $294.32 | +$104.5M |
W WDAY | WORKDAY INC | 3.08% | $950.4M | 3,960,100 | $231.02 | $240.00 | +$137.9M |
C C | CITIGROUP INC | 2.99% | $923.3M | 10,846,698 | $50.43 | $85.12 | +$24.7M |
E ERIC | TELEFONAKTIEBOLAGET LM ERICS | 2.67% | $822.8M | 97,029,167 | $6.22 | $8.48 | -$16.6M |
C CMCSA | COMCAST CORP NEW | 2.43% | $747.8M | 20,953,997 | $37.55 | $35.69 | +$22.6M |
Options Positions (1)
| Ticker | Security | Action | Type | Notional Value | Contracts | Underlying Price | Premium Paid | Change (Contracts) | Change (Value) |
|---|---|---|---|---|---|---|---|---|---|
M MTUM | ISHARES TR | — | Put | $1.6M | 65 | $240.32 | $202.13 | 0 | +$248.2K |
Industry Allocation
Investment Team (18)
| Name | Role | Location | |
|---|---|---|---|
 | Senior Trade Analyst | United States | |
 | PM | Pasadena, CA , United States | |
J Jim Miles | Portfolio Manager and Principal | Los Angeles, CA , United States | |
J Judd Peters | Portfolio Manager | Los Angeles, CA , United States | |
M Mark Schmidt | Portfolio Manager | San Marino, CA , United States | |
M Marshall Cowden | Portfolio Manager | San Francisco, CA , United States | |
 | Portfolio Manager | Los Angeles, CA , United States | |
 | Portfolio Manager | Corona Del Mar, CA , United States | |
 | Portfolio Manager | San Marino, CA , United States | |
 | Portfolio Manager | Manhattan Beach, CA , United States |